In early August, the Acala parachain project will launch a new staking program for ACA tokens.
Users will be able to earn ACA-aUSD liquidity provider tokens. The asset allows you to purchase ACA, aUSD stablecoin, or pay trading fees.
The project team will allocate excess network reserves in the amount of $200,000 for the buyback of tokens within the framework of the program. The interest rate of income for staking depends on the number of participants, its fixed value does not exist.
According to the statement, ACA is a "non-inflationary" coin that:
provides transactions with aUSD and maintains the Acala treasury;
Hourly ACA/USDT chart of the Kucoin exchange. Data: Trading View.
In March, Acala launched the $250 million aUSD Ecosystem Fund to incentivize the use of the project's stablecoin.